3 Georgiou Katsounotou Street,
KITALLIDES BUILDING,
3rd Floor, Office 3A,
Limassol, 3036, Cyprus
+357 250 052 84
info@lawitthamilton.com
RU EN UA
KITALLIDES BUILDING,
3rd Floor, Office 3A,
Limassol, 3036, Cyprus
+357 250 052 84
info@lawitthamilton.com
RU EN UA
3 Georgiou Katsounotou Street,
KITALLIDES BUILDING,
3rd Floor, Office 3A,
Limassol, 3036, Cyprus
+357 250 052 84
info@lawitthamilton.com
RU EN UA
KITALLIDES BUILDING,
3rd Floor, Office 3A,
Limassol, 3036, Cyprus
+357 250 052 84
info@lawitthamilton.com
RU EN UA
What is Family Office?
Corporate Family Office is a company controlled by the beneficiary, registered in Cyprus, which provides legal support and administrative management of the foreign part of the beneficiary's business and serves the interests of his / her family abroad.
The solution guarantees confidentiality, security and minimizes costs.
After the passage of the law on taxation of controlled foreign companies (CFC) in Ukraine, businesses are faced with the need to confirm their real presence (real substance) on the territory of the Republic of Cyprus. For many companies, the way out of this situation was the setting up of their own corporate family offices in Cyprus.
Such organizations specialize in managing the company's assets and property, provide various services in the field of Finance and real estate, provide support in interaction with foreign banks, and provide other necessary support in the field of managing the client's welfare.
The solution guarantees confidentiality, security and minimizes costs.
After the passage of the law on taxation of controlled foreign companies (CFC) in Ukraine, businesses are faced with the need to confirm their real presence (real substance) on the territory of the Republic of Cyprus. For many companies, the way out of this situation was the setting up of their own corporate family offices in Cyprus.
Such organizations specialize in managing the company's assets and property, provide various services in the field of Finance and real estate, provide support in interaction with foreign banks, and provide other necessary support in the field of managing the client's welfare.
Family Office Benefits
FAMILY OFFICE
CYPRUS SERVICE PROVIDER
Confidentiality
Ensuring confidentiality in matters of managing the company's wealth, since the service is handled by trusted representatives of its own structure. Protecting the company from the risks associated with servicing multiple businesses with a single agent (for example, in the case of searches by family offices for other clients).
Access to information is available to employees of the service provider whose hiring and firing is not under the control of the beneficiary. Lack of guarantees for hacking information by 3 persons.
Security
Own server and secure data storage format. Monitoring by the beneficiary's security service.
Risks associated with the provider's service of other clients. Risks associated with the dismissal of employees with an access to information.
Regulation / Reporting
Activities are not subject to regulation when serving the interests of one beneficiary.
Accountability to regulatory authorities. Providing them with information and documents on request and during inspections.
Cost of Services
Total savings compared to the service provider - up to 50%
The cost of paying for services exceeds the possible allowable cost of service in the Family Office by 2 times.
FAMILY OFFICE
Ensuring confidentiality in matters of managing the company's wealth, since the service is handled by trusted representatives of its own structure. Protecting the company from the risks associated with servicing multiple businesses with a single agent (for example, in the case of searches by family offices for other clients).
CYPRUS SERVICE PROVIDER
Access to information is available to employees of the service provider whose hiring and firing is not under the control of the beneficiary. Lack of guarantees for hacking information by 3 persons.
Ensuring confidentiality in matters of managing the company's wealth, since the service is handled by trusted representatives of its own structure. Protecting the company from the risks associated with servicing multiple businesses with a single agent (for example, in the case of searches by family offices for other clients).
CYPRUS SERVICE PROVIDER
Access to information is available to employees of the service provider whose hiring and firing is not under the control of the beneficiary. Lack of guarantees for hacking information by 3 persons.
FAMILY OFFICE
Own server and secure data storage format. Monitoring by the beneficiary's security service.
CYPRUS SERVICE PROVIDER
Risks associated with the provider's service of other clients. Risks associated with the dismissal of employees with an access to information.
Own server and secure data storage format. Monitoring by the beneficiary's security service.
CYPRUS SERVICE PROVIDER
Risks associated with the provider's service of other clients. Risks associated with the dismissal of employees with an access to information.
FAMILY OFFICE
Activities are not subject to regulation when serving the interests of one beneficiary.
CYPRUS SERVICE PROVIDER
Accountability to regulatory authorities. Providing them with information and documents on request and during inspections.
Activities are not subject to regulation when serving the interests of one beneficiary.
CYPRUS SERVICE PROVIDER
Accountability to regulatory authorities. Providing them with information and documents on request and during inspections.
FAMILY OFFICE
Total savings compared to the service provider - up to 50%
CYPRUS SERVICE PROVIDER
The cost of paying for services exceeds the possible allowable cost of service in the Family Office by 2 times.
Total savings compared to the service provider - up to 50%
CYPRUS SERVICE PROVIDER
The cost of paying for services exceeds the possible allowable cost of service in the Family Office by 2 times.
Our Services - Your Family Office
— Operating the Family Office without obtaining a license and, if necessary, obtaining an ASP license
— Current tax and legal services for client companies
— Support when opening accounts
— Search, selection and recruitment of personnel, including financiers, accountants, auditors, lawyers, internal and external consultants, administrators, etc.
— Development of a work flow chart for creating Family Office
— Registration of a company for the purpose of operating as a Family Office
— Selection of premises for office
— Support with the transfer of companies from the agent to the client's own Family Office
Your Family office
— Operating the Family Office without obtaining a license and, if necessary, obtaining an ASP license;
— Current tax and legal services for client companies;
— Support when opening accounts;
— Search, selection and recruitment of personnel, including financiers, accountants, auditors, lawyers, internal and external consultants, administrators, etc.
— Development of a work flow chart for creating Family Office;
— Registration of a company for the purpose of operating as a Family Office;
— Selection of premises for office;
— Support with the transfer of companies from the agent to the client's own Family Office;
Your Family office
Asset Management in Family Office
• Professional asset management.
Participation in venture capital funds. Fund managers are professionals who are responsible for the optimal combination of the Fund's assets, as well as for its management in accordance with a specific Fund Strategy. The Fund can be established for a period of 10 to 20 years
• Investment support.
Providing various investment programs from the world's best banking and insurance managers. Spot sampling allows you to get a high profit from a professionally managed portfolio
• Creating a Family Charitable Foundation and managing the endowment capital of such a Foundation
• Intellectual property protection
• Concierge Service: www.hamilton-concierge.com
• IT solutions
• Professional asset management.
Participation in venture capital funds. Fund managers are professionals who are responsible for the optimal combination of the Fund's assets, as well as for its management in accordance with a specific Fund Strategy. The Fund can be established for a period of 10 to 20 years
• Investment support.
Providing various investment programs from the world's best banking and insurance managers. Spot sampling allows you to get a high profit from a professionally managed portfolio
• Creating a Family Charitable Foundation and managing the endowment capital of such a Foundation
• Intellectual property protection
• Concierge Service: www.hamilton-concierge.com
• IT solutions
Family Office Inheritance Planning
• Creating a Family Trust or Foundation
• Life insurance for the beneficiary and his / her family members
• Children's financial support program
• Discretionary management of a family member's asset after their death.
The beneficiary can receive payment after the insured event (i.e. after the death of the Family Office client). The funds (all capital) can be transferred to a Bank account or used as a Fund managed by the Family Office to further support the family of the deceased. Inheritance and property are not taxed.
The beneficiary can receive payment after the insured event (i.e. after the death of the Family Office client). The funds (all capital) can be transferred to a Bank account or used as a Fund managed by the Family Office to further support the family of the deceased. Inheritance and property are not taxed.
• Lawitt Hamilton is one of the few Russian-speaking companies in Cyprus that has a license to conduct fiduciary activities of the Cyprus Securities and Exchange Commission (CySEC).
• Along with a well-developed network of direct contacts in Cyprus, including well-established relations with banks, organizations in the field of investment, real estate, and medicine, Lawitt Hamilton's own regulatory-licensed office allows you to provide comprehensive B2B services for creating corporate family offices from scratch to complete launch.
• Along with a well-developed network of direct contacts in Cyprus, including well-established relations with banks, organizations in the field of investment, real estate, and medicine, Lawitt Hamilton's own regulatory-licensed office allows you to provide comprehensive B2B services for creating corporate family offices from scratch to complete launch.
Lawitt Hamilton has offices in Russia and Cyprus. We know how business and mentality of these two countries operate;
We have extensive experience in creating and maintaining corporate Family Offices;
We actively cooperate with both offshore and European banks, so we have a real opportunity to open accounts in partner banks for Family Offices;
We are in a position to provide compliance advice to ensure that Family Office activities comply with established legal requirements. *
*It is assumed the involvement of such a specialist into the ongoing work process of a company to the extent, necessary to meet the regulator's requirements for quarterly and year-end reporting; consolidation of documents and information received from other full-time employees; as well as the main controlling of centralized compliance processes.
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